As stated in Company Announcement 11/2020 and the 2020 Annual Report, discussions have been initiated with potential merger partners to secure the long-term viability for the Group. The Board wishes to update that such discussions are still on-going and the Board remains cautiously optimistic that a merger may be consummated in due course.
Management have also put in place a plan for an orderly sale of the vessels in the event the merger discussion fails.
Source: Nordic Shipholding A/S